–Repeats to Remove Errant Typo in First Paragraph
–Azumi: Japan Stock Moves Not Reflecting Econ Fundamentals
–Japan Azumi: Not Pessimistic About US Economy
TOKYO (MNI) – Japanese Finance Minister Jun Azumi declined Monday
to comment on whether Japan has intervened recently in foreign
exchange markets.
The remarks at a press conference were different than what Azumi
has said in the recent past. He said Friday that yen moves have been
one-sided and he is ready to take “bold” action if such moves continue.
Asked about the recent falls in Tokyo’s stock prices, he said, “It
is regrettable that Japan’s stock prices are not reflecting economic
fundamentals,” repeating that Japan’s domestic demand is firm, and
personal consumption is in a desirable condition.
He attributed the weakness of stock prices to the unstable
situation in Europe, saying “I would like to ask them to make further
efforts” to ease concerns about their fiscal and economic conditions.
Also, he said, “I am not pessimistic” about the U.S. economy as its
personal consumption, the largest component of its economy, has not been
bad so far this year, compared with last year.
tkeditorial@marketnews.com
** MNI Tokyo Newsroom: 81-3-5403-4833 **
[TOPICS: M$A$$$,M$J$$$,MGJ$$$,MMJBJ$]
